Florida Regulations 69V-40.156: Third-party Fee Accounts
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All third-party fees and refundable application fees received by a mortgage broker shall be recorded on Form OFR-494-09, Mortgage Brokerage Deposit Account Form, or on a format which is substantially similar to Form OFR-494-09. Failure to maintain a record of account activity in a current manner is a violation of this rule. Form OFR-494-09 is incorporated by reference in subsection 69V-40.002(1), F.A.C.
Rulemaking Authority Florida Statutes § 494.0016(4). Law Implemented 494.00255(1)(a), 494.0038 FS. History-New 12-3-91, Amended 7-25-96, 12-12-99, Formerly 3D-40.156, Amended 3-23-08, 10-1-10, 11-9-15.
Rulemaking Authority Florida Statutes § 494.0016(4). Law Implemented 494.00255(1)(a), 494.0038 FS. History-New 12-3-91, Amended 7-25-96, 12-12-99, Formerly 3D-40.156, Amended 3-23-08, 10-1-10, 11-9-15.
Terms Used In Florida Regulations 69V-40.156
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.